I Believe That When We Overdo Our

The Boston Bombing Provided The Opportunity For The Government To Turn What Should Have Been A Police Investigation Into A Military-style Occupation Of An American City. This Unprecedented Move Should Frighten Us As Much Or More Than The Attack Itself.

The Fed Has One Power That Is Unique To It Alone: It Enables The Creation Of Money Out Of Thin Air. Sometimes It Makes Vast New Amounts. Sometimes It Makes Lesser Amounts. The Money Takes A Variety Of Forms And Enters The System In Various Ways. And The Fed Does This Through Techniques Such As Open-market Operations, Changing Reserve Ratios, And Manipulating Interest Rates, Operations That All Result In Money Creation.

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From The Great Depression, To The Stagflation Of The Seventies, To The Current Economic Crisis Caused By The Housing Bubble, Every Economic Downturn Suffered By This Country Over The Past Century Can Be Traced To Federal Reserve Policy. The Fed Has Followed A Consistent Policy Of Flooding The Economy With Easy Money, Leading To A Misallocation Of Resources And An Artificial 'boom' Followed By A Recession Or Depression When The Fed-created Bubble Bursts.

During World War Ii, Joseph Stalin Was Once Asked By An American Writer, According To Professor Dean Russell, How He Could Justify Conscripting All The Property Of All The People For Use By The Government To Fight The War. Stalin Answered By Asking Why They Considered It More Immoral And Illogical To Conscript Lifeless Property Than To Conscript Life Itself, As Was Being Done In The United States And All Other Capitalistic Countries. His American Challenger Had No Answer, Because There Was No Answer.